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getting ready to go long again if it snaps back, now target is bottom of opening range, or 1286. Still +7pts on day.

Stopped out at trendline breah at 1248.00

The LOD appears to be in with a somewhat akward upside down shoulder - head - shoulder formation in. It should go above teh HOD and probe beyond it by its normal 1.5 pts. Target on long from 1284 is 1292. Adding 8 pts to a 7pt day would about call it a day for me. 15 pts SPX / SPDRs using 4 to 1...

stop is the trend line form the LOD to the bottom of the last drop at 1283.

the stop out at 1284 appears to have been a fake out (which worked on me - lousy trader that I am...) and not another test of the lows. Trade three on this day ONE is long 1284 on the SPX

Stopped out at 84, +7 pts on the day. Next entry would be short on a break BELOW 79 (fat chance) or long on another bounce off of 81. My system says just stay short till the HOD is breached, but I'm too much of a scalper to watch profits erode. If this immediately snaps back to 84, I "MIGHT"...

Trade two target of 1285 is now reached. Closed on half for +6 pts on closed possitions, the rest I'll let ride till 91 or maybe till 1325. Stop in rest is trend line - .5pt. The official trend of the day is still a down trend till the high of the day is breached AND STAYS above it by 2PTS FOR...

stop is now 1283.5 on all possitions

Well, it didn't bounce there (yet?), it appears to be in the controll of very long time frame buyers still and making a new short term trend line from the low of the day (1280.22 to the 12:20 low to 1282.3) at possitive 45 degree angle or so... Stop is now 82.5 or .5pt below this new trend line

stop is now at Break Even (BE) this could do a bouble bounce or make a head and shoulders pattern off the bottm here. If we get stopped out at BE, prepare to go long again at break of 1282

long at 1282 now working well. This is one you could ride all the way back up to 1325 if ya wanted to take three weeks. Once we get back to recent market highs, watch for 4-5 range abound days in row, a fake to the bottom, a fresh new high that lasts less than a day, a revrsion the range...

Getting out at 82 and going long at 82 with a 1 pt stop and target of 85. The reasoniong here is that the trend of the day is over based on reaching a HUGE congestion area and bouncing off of it.

Stop on second half is now 1282 (top of last congestion area) if it breaks this area, look for a Low Of Day (LOD) to be established as 1280 was probed and failed.

Given the congestion (as defined in Auction market Theory) that exists at teh 79 level, I would exit the rest of this particular trade at 1280 (this is a key over under level for very long time frame traders on a 3-5 year chart).I would also set the stop at 83 on the second half now ... and be...

And here we are at +5pts SPX (SPDR in a 25K cash account, ES in a 5K futures account) as of 9:48 MST. Ka-CHING! Using futures, and taking half of the profits, we we be up +5ps on half and our stop on the other half would be at 1284.5 (or whatever the SP cash translates to in nearest expiration...

As of 9:36 MST, the trade is +3pts and setting target of 1281 for 5pts profit, stop is now at 1285 using the trend line

The stop on almost all trades is the High of the day rounded up to the nearest half point. as of 9:26 MST the trade is working well at +1pt. The target is partial profits at 5pt / half of the daily average range and taking the rest at 15 minutes before close of market. Occasionaly, we will...

Based on confirmed opening range trends, pivot points, and trend line break outs / break downs ... My first call after 3 weeks of paper trading is SPX short 1286 9:07 MST

Intrest rates are going to go to 10-14% IMO. Why? Its simple. If we had gone to deflation, a few ultra rich would have owned all the debt, and in turn owned everything. There has been a conscious effort to cause infaltion and thus slowly elimiate the debt. Inflation is far more preferable...

deanm runs a good room. Personally, I've been in ones where you can't even voice an opinion without being bounced out. I have been in Deans room for a couple of months and made good money. Just my personal experience everyone, but I've made 4200 bucks there last month net. Ya may think what...